Market

Adults who have completed apprenticeship, trades certificate or diploma (%):

8.38

Adults who have completed university degree (%):

16.43

Adults who have completed bachelor''s degree (%):

63.55

Unemployment rate, most recent month (%):

7.51

Costs

Avg. home price ($):

297,929

Avg. retail lease rate ($ psf/yr):

N/A

Avg. industrial lease rate ($psf/yr):

N/A

Avg. general lease rate ($psf/yr):

N/A

Peak electricity cost for businesses ($/kWh)

N/A

Peak electricity cost for mid-size commercial business ($/kWh):

0.0820

Peak electricity cost for mid-size industrial business ($/kWh):

0.1320

Taxes & Regulation

Business license cost ($):

No fee

Avg. processing time for building permit, most recent calendar year:

Less than 2 weeks

Non-residential property tax rate (% of assessed value):

N/A

Commercial property tax rate (% of assessed value):

2.911570

Industrial property tax rate (% of assessed value):

6.039380

Small business income tax rate, if different (%):

15.0

Sales tax (%):

13

Special regulations or zoning:

Pembroke has an M2— Economic Enterprise Zone which encompasses its commercial park and allows for a variety of business uses. Medical marijuana is a notable new addition

Other

Largest employers:

Algonquin College Waterfront Campus; KI Canada; HGS Canada

Leading industries:

Manufacturing; Education; Health Care

Value of capital projects >$5 million planned or under construction ($ million):

20,000,000

Special amenities:

Pembroke is located on the Ottawa River where the Musrat and Indian rivers meet. The city is a 30-minute drive from Algonquin Provincial Park and 90 minutes from Ottawa. It hosts a new campus of Algonquin College.

Special economic development initiatives:

Pembroke is home to two industrial parks and runs entrepreneurship development activities with Algonquin College.